Saswat Panigrahi
The BJP has chosen to rally behind its president Nitin Gadkari who is at the centre of a raging controversy after several media reports questioned the sources of funding for Purti Power and Sugar Limited (PPSL), a company owned by him.
Reports claim that significant investments and large loans to Purti were made by a construction firm, Ideal Road Builders Group, which had won contracts between 1995 and 1999 when Gadkari was Maharashtra’s PWD Minister.
Besides IRB Group, the other significant shareholders in Purti are said to be a clutch of 16 companies. It is alleged that most of the addresses at which these companies are registered are fake. Reports claim that the directors of these investor companies include Gadkari’s driver and his accountant.
Read the full article in www.niticentral.com
The BJP has chosen to rally behind its president Nitin Gadkari who is at the centre of a raging controversy after several media reports questioned the sources of funding for Purti Power and Sugar Limited (PPSL), a company owned by him.
Reports claim that significant investments and large loans to Purti were made by a construction firm, Ideal Road Builders Group, which had won contracts between 1995 and 1999 when Gadkari was Maharashtra’s PWD Minister.
Besides IRB Group, the other significant shareholders in Purti are said to be a clutch of 16 companies. It is alleged that most of the addresses at which these companies are registered are fake. Reports claim that the directors of these investor companies include Gadkari’s driver and his accountant.
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